Friday 1 May 2009

Word of the week: Swine

When the global economy develops a cold the population and its pigs catch flu…doesn’t quite sound right. But that’s what’s happening and its sending certain stocks back down the pan. Holiday companies, hotel chains and airlines such as British Airways and easyJet are tumbling in the wake of the crisis. Not surprisingly flu vaccine manufacturer’s such as global Pharma company GlaxoSmithKline are among the top risers in the market. This week has definitely been a reminder of the inevitable uncertainty for any investor. As Chris Hossain, senior sales manager at Abchurch client ODL Securities, put it "World markets need a shot in the arm and talk of a global pandemic is a huge concern to the economy." Someone keeps mixing up the needles.


No comments:

Post a Comment